For all nations have drunk of the wine of the wrath of her fornication, and the kings of the earth have committed fornication with her, and the merchants of the earth are waxed rich through the abundance of her delicacies.

The citizens of Israel woke up this week to a special early morning announcement by the Israeli Army on news broadcasts all across the country: The Ministry of Defense has ordered that all soldiers staying in Jerusalem over the Sabbath are not allowed to have any contact with members of the sect of Jews who preach faith in Yeshua (Jesus).

Then he shall confirm a covenant with many for one week;
But in the middle of the week
He shall bring an end to sacrifice and offering.
And on the wing of abominations shall be one who makes desolate,
Even until the consummation, which is determined,
Is poured out on the desolate.”

“President Barack Obama twice carried Iowa and it was the Iowa Caucuses which began his march to the presidency, but if he were on the ballot here today he would be toast,” said Peter A. Brown, assistant director of the Quinnipiac University Polling Institute.

Bill Binney is the high-level NSA executive who created the agency’s mass surveillance program for digital information. A 32-year NSA veteran widely regarded as a “legend” within the agency, Binney was the senior technical director within the agency and managed thousands of NSA employees.

In the same way ObamaCare was foisted on America by creating a 2,000-page law that Democrats in Congress never even bothered to read, a new treaty about trade with Asia is going through the same process and poses as great, if not greater, threat to our economy, our judiciary, and our sovereignty.

Mortgage rates are heavily influenced by the yield on 10 year U.S. Treasuries. Because the yield on 10 year U.S. Treasuries is now substantially higher than it was earlier this year, mortgage rates have also gone up. That is one of the reasons why the number of mortgage applications just hit a new 13 year low. And now if rates go even higher that is going to tighten things up even more. If your job is related to the housing industry in any way, you should be extremely concerned about what is coming in 2014.

It’s all shits and giggles on business TV for now as the stock market’s reaction is “clearly” indicative that the Fed has won – never mind the rest of the asset classes of the world are signaling this is not good news.

Two things of note are that we saw heavy blocks into these highs (which has marked short-term tops in recent weeks) and that the surge in stocks occurred perfectly off the S&P 500’s 50DMA once again (just like Sunday night).

Finally, we learned what the difference between $85 billion and $75 billion is in the grand scheme of things. Or, in case we haven’t, here is a chart showing just how “vast” the impact of today’s announcement will be on the Fed’s balance sheet at December 31, 2014 when instead of printing well over $5 trillion at its old monetization pace, the Fed’s balance sheet will be only $4.9 trillion.